[Opinion] Short Position on Gold (XAUUSD)

Based on W and 4H, it sill on uptrend
However, due to adjustment, we have to go down in short time frame such as 15M on my view.

Thus, in my case, I will take short position
1. Entry: 2913 - 2914 Range
2. Stop Loss: 2923 - 2924 Range (YES, it is quite wide! but I will do risk management for taking all profits based on trend.)
3. Take Profit: 2766 - 2765 Range (YES again! it would be very greedy)

I do not like to open short position, usually long position bring more money.
On the other hand, I do not want to ignore the signal which show on my view.

Anyway, it is my opinion.
Hope you guys share your idea as well

Trade active

Short position is opened at 2913.75
Let's see the ride where it goes

Note

Please note I will post weekly before opening the market on Sunday 5:00 EST from now on.
I was too busy to operate personal group. Now I found it is good to share on Sunday around 4:30 pm EST.

Note

It is still playing around the manipulation zone. Hopefully It is going to down sooner

Note

Now it is going down

Note

Well, I will hold this position at least few days.
Taking swap fee, and profits are getting bigger.

Please remember, open 2913.75, it is down more than $20 already.
Covered all losses on NQ, and more profit.

Risk Management is the key.
Trading 5 lot on XAUUSd, it is decent profit so far.

Note

$30 reached.
Will move stop loss to entry

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